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Cooks Garage

1,359 SF 100% Leased Light Industrial Building Northwood HA6 1DW £800,000 (£589/SF)

Investment Highlights

  • Can be sold with vacant possession
  • Planning application reference: 62125/APP/2018/3118
  • Current use class B8
  • Income producing £30,000 per annum exclusive
  • Northwood Underground Station (1.3 miles)

Executive Summary

Income Producing Development Site with Planning Permission
The site comprises a yard of approximately 3,843 sqft with a number of double and single garages formerly known as Cook Garages which are currently income producing £30,000 per annum. Access to the site is off of Hallowell Road onto Forge Lane which is a shared service road that leads into the site.
The site was granted consent for a Single Story front extension, creation of a first floor level and change of use from storage/distribution (Use Class B8) to a daycare facility (Use Class D1) on 11 June 2019.
The approved planning application, reference 62125/APAP/2018/3118, proposes a ground and first floor children's nursery of approximately 2,000 sqft. The ground floor comprises of an entrance/hallway leading into a reception area, open plan day-care room, managers office and children's toilet. The first floor comprises of a kitchen, male and female toilets, open plan learning area, baby area and children's changing room.
Externally, at first floor there is a roof terrace At ground floor the scheme has a playground and three marked parking spaces.

Attachments

Brochure

Property Facts

Price £800,000
Price Per SF £589
Sale Type Investment
Tenure Freehold
Property Type Light Industrial
Lot Size 0.09 AC
Rentable Building Area 1,359 SF
Number of Floors 1
Year Built 2003
Parking Ratio 1.47/1,000 SF
  • Listing ID: 33010705

  • Date on Market: 30/08/2024

  • Last Updated:

  • Address: Cooks Garage, Northwood HA6 1DW

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